83 Park EdgeBerkeley HeightsNJ07922
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Berkeley Heights rentals match the income profile of 83 Park Edge, Berkeley Heights, NJ, 07922. Listed at $511,000, gross rent is $4,544/mo and net cash flow is $902/mo, a 10.67% yield well above national averages. DSCR 1.98 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $141,180 by year five with $4,706/yr in annual principal reduction, projecting $253,863 in total cumulative return.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.2% |
| Monthly Cash Flow | $902 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,544 |
| Total Monthly Debt Service | $3,439 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1994
150 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 3,915 (81.5%) |
| Renter Occupied HU | 550 (11.4%) |
| Vacant Housing Units | 340 ( 7.1%) |
| Median Home Value | $777,472 |
| Average Home Value | $844,385 |
Housing Distribution
Address Breakdown
Residential
4,667
Single Family
4,667
Multi-Family
0
Businesses
442
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 1994
150 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 3,915 (81.5%) |
| Renter Occupied HU | 550 (11.4%) |
| Vacant Housing Units | 340 ( 7.1%) |
| Median Home Value | $777,472 |
| Average Home Value | $844,385 |
Housing Distribution
Address Breakdown
Residential
4,667
Single Family
4,667
Multi-Family
0
Businesses
442
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A